Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$370,544$370,544$674,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$303,556$0
Funding fee$1,853$1,853$0
Note rate2.99%2.99%7.18%
Blended rate2.99%5.133%7.42%
1st payment$1,747.42$1,747.42$4,566.59
2nd payment$0.00$1,960.46$0.00
Taxes / mo$336.33$336.33$336.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$134.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,300.42$4,260.88$5,254.41
Cash to close$378,456$74,900$74,900